Promoter Asad F Kagdi acquires 69,900 shares (1.98%) from a promoter group member by way of gift

Hawa Engineers Ltd promoter Asad F Kagdi acquired 69,900 equity shares — 1.98% of the share capital.

Wed 7 Oct 2026

Shares acquired (gift, inter-se)

69,900 equity shares — 1.98% of the share capital

Acquirer holding pre → post

2,66,482 shares (7.56%) pre → 3,36,382 shares (9.54%) post

Seller holding pre → post

2,09,700 shares (5.95%) pre → nil post

What this update says

Mr. Asad F Kagdi, a promoter of Hawa Engineers Ltd, has acquired 69,900 equity shares of the company from Ms. Jamilabibi Fazlurrehman Kagdi, a member of the promoter group. Those shares are equal to 1.98% of the share capital of the company.

The update describes the route as an off-market inter-se transfer between promoters and members of the promoter group under Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations, 2011. It states that this is a transfer without consideration, by way of gift. In simple terms, the shares moved within the promoter family and no price was paid for them.

Holdings before and after

• Acquirer, Mr. Asad F Kagdi: 2,66,482 shares (7.56%) before the transfer, rising to 3,36,382 shares (9.54%) after it.
• Seller, Ms. Jamilabibi Fazlurrehman Kagdi: 2,09,700 shares (5.95%) before the transfer, falling to 0 shares (0%) after it.
• The covering letter states that the transaction would not change the overall promoter and promoter group shareholding in the company.

Why no open offer arises

Because the transfer is between promoters and members of the promoter group, the acquirer relies on the exemption from making an open offer under Regulation 10(1)(a)(i). The update also records that the disclosure for the proposed acquisition was made under Regulation 10(5) and was shared with the stock exchange BSE on 29.09.2026, and that an intimation is being made under Regulation 29(2).

What does not change

The equity share capital / total voting capital of the company is 35,26,400 shares before the acquisition and 35,26,400 shares after it, and the total diluted share/voting capital after the acquisition is also 35,26,400. So the transfer did not add to or reduce the number of shares in issue.

On encumbrance

The disclosure records “-” (nil) against shares in the nature of encumbrance for the acquirer, both before and after the acquisition.

How a retail investor might read it

This is a change in who within the promoter group holds the shares, not a change in how much the promoter group as a whole holds. The acquirer's individual stake moves from 7.56% to 9.54%, while the seller's falls to nil.

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